Crowley, La. — Time Equities Inc. (TEI) has purchased Crowley Plaza, a shopping center located in Crowley, for $3.4 million. This marks TEI’s first acquisition in the state. Built in 1999, the property totals 27,228 square feet across two multi-tenant buildings. Tenants at the center, which was 78 percent leased at the time of sale, include Game Stop, Sally Beauty Supply, AT&T, Express Urgent Care and USAgencies Insurance. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith represented TEI in the transaction on an interal basis. Hudson Lambert of STRIVE represented …
ArizonaCaliforniaFloridaGeorgiaInvestment salesKentuckyLouisianaNevadaNewsNorth CarolinaPennsylvaniaRestaurantsSouth CarolinaTennessee
FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million
Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …
Bossier City, La. — The Cordish Cos. has topped off construction of its Live! Casino & Hotel Louisiana, a $270 million hospitality and gaming entertainment complex located in Bossier City. The retail entertainment owner and operator broke ground on the project in December 2023, and general contractor AnderCorp finished vertical construction at the property yesterday. Scheduled to open in first-quarter 2025, the development will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness …
Lafayette, La. — Three new tenants have signed leases at River Marketplace, a 168,000-square-foot retail center located in Lafayette. J.Crew Factory, Sephora and lululemon are scheduled to open at the property in early 2025, occupying a 16,700-square-foot building that formerly housed Books-A-Million, which closed earlier this year. A final 3,450-square-foot space within the building remains available for lease. GBT Realty Corp. acquired River Marketplace in October 2021.
Monroe, La. — Marcus & Millichap has brokered the $10.5 million sale of The Plaza One Shopping Center, a retail center located in Monroe. Super 1 Foods anchors the property, which totals 96,765 square feet. The center was fully leased at the time of sale. Zach Taylor and Philip Levy of Marcus & Millichap represented the seller, a Texas-based private investor, in the transaction. Steve Greer assisted in closing the sale as the Louisiana broker of record.
Metairie, La.— Three new tenants, all divisions of Abercrombie & Fitch Co., will open at Lakeside Shopping Center, a 1.2 million-square-foot retail center located in Metairie, roughly eight miles outside downtown New Orleans. Abercrombie & Fitch, abercrombie kids and Hollister Co. are scheduled to open at the property this summer. The stores will feature updated prototype formats for the respective brands. Abercrombie & Fitch Co. operates more than 750 stores under these banners throughout North America, Europe, Asia and the Middle East.
Bossier City, La. — An affiliate of Cordish Cos. doing business as LRGC Gaming Investors LLC has broken ground on Live! Casino & Hotel Louisiana, a $270 million development in Bossier City. Scheduled to open in 2025, the Live! Casino & Hotel Louisiana will feature more than 47,000 square feet of gaming space; a sportsbook for live betting on sporting events; an upscale 550-room hotel with a resort-style pool and fitness center; 25,000-square-foot events center; structured and surface parking; and 30,000 square feet of dining and entertainment venues, including Cordish brands …
Lafayette, La. — SRS Real Estate Partners has arranged the sale of Karam Shopping Center, a 100,120-square-foot retail center located in Lafayette. Tenants at the property include Super 1 Foods, which is currently undergoing a $7 million renovation, and dd’s DISCOUNTS. Mishra Group acquired the center from TCP Realty Services for an undisclosed price. Kyle Stonis and Pierce Mayson of SRS represented the seller, with Jonathan Walker of Maestri-Murrell Inc.
New Orleans — SRSA Commercial Real Estate has arranged the sale of Algiers Plaza, a 228,000-square-foot shopping center located in New Orleans. Tenants at the property include Winn-Dixie, Walgreens, Ross Dress for Less, T.J. Maxx, Petco, Five Below and Chick-fil-A. Steve Reisig, Kirsten Early and Christopher Robertson Jr. of SRSA, along with Scott DeYoung and Jeff Conover of Faris Lee Investments, represented the seller, N3 Real Estate, in the transaction.
Cut Off, La. — Dorsey Development Cos. has signed four new tenants to join the roster at Tarpon Heights Shopping Center, a 57,698-square-foot retail property in Cut Off. Dorsey recently completed renovations including replacing the roof and rebuilding the façade, following hurricane damage in 2021. Dollar General will return to its previous 11,398-square-foot space, and Bayou Ju Jitsu, El Viejon and Lafourche Parish Library have additionally leased space at the center.
Newer Posts